- Stocks: Monday’s review
Market news
Stocks: Monday’s review
Asian stocks outside Japan rose as economic reports across the region fueled speculation that central banks will boost stimulus measures. Japanese stocks fell as the yen rose against most of its major counterparts, weighing on the earnings outlook for exporters.
Nikkei 225 8,783.89 -56.02 -0.63%
S&P/ASX 200 4,329.7 +13.59 +0.31%
Shanghai Composite 2,057.68 +10.16 +0.50%
James Hardie Industries SE, a building-materials supplier that gets 67 percent of sales from the U.S., rose 1.2 percent in Sydney.
Canon Inc., a camera maker that gets 31 percent of its revenue in Europe, lost 1.7 percent.
Shimao Property Holdings Ltd. paced gains among Chinese developers on a report the nation should do more to help economic growth.
Samsung Card Co. soared 15 percent in Seoul after the credit-card issuer said it will buy back shares.
European stocks rose for a second day and copper advanced on speculation central banks will take more steps to boost growth as reports signaled the economic slowdown is deepening. Spain’s bonds gained and emerging-market shares climbed the most in a week.
Euro-area manufacturing contracted more than initially estimated in August and China’s factory output unexpectedly shrank for the first time in nine months, according to reports from London-based Markit Economics today and a government survey in Beijing Sept. 1. Federal Reserve Chairman Ben S. Bernanke said Aug. 31 that he wouldn’t rule out more stimulus. European Central Bank President Mario Draghi may unveil details of his bond-purchase program after a policy meeting Sept. 6.
The Stoxx 600 rebounded from two weeks of losses, the first back-to-back declines since May. BHP Billiton Ltd. and Rio Tinto Group led a rally in mining companies.
U.S. financial markets closed on Monday in observance of Labor Day
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